Latest news with #TreasuryAuction
Reuters
29-05-2025
- Business
- Reuters
Ugandan shilling strengthens; offshore FX inflows help
KAMPALA, May 29 (Reuters) - The Ugandan shilling gained on Thursday, helped by dollar inflows from offshore investors participating in this week's Treasury auction, traders said. At 0726 GMT, commercial banks quoted the shilling at 3,628/3,638, compared with Wednesday's closing rate of 3,638/3,648.
Wall Street Journal
22-05-2025
- Business
- Wall Street Journal
The Bond Market Is Waking Up to the Fiscal Mess in Washington
Treasury auctions are like the plumbing of a toilet: You only pay attention when something goes wrong. A weak auction drove a market selloff on Wednesday for the first time since late 2023. There are good reasons to be concerned about overspill. The auction itself should have been uneventful. It involved some $16 billion of 20-year bonds sold to investors—no big deal. But there was less demand from end-investors than usual, and the price was lower—so the government's borrowing cost higher—than had been expected in advance.
Bloomberg
21-05-2025
- Business
- Bloomberg
The Bond Market Is Getting Awfully ‘Yippy' Again
US government debt auctions are generally sleepy affairs — except when they're not. And Wednesday's sale by the Treasury Department of $16 billion in 20-year bonds definitely qualified for the latter category. It's unlikely to be the only one. The offering was the government's first auction of so-called coupon-bearing debt since Moody's Ratings on Friday became the last of the three big credit assessors to strip the US of its top triple-A rating, following S&P Global Ratings in 2011 and Fitch Ratings in 2023. The auction was considered subpar on at least two critical measures, the amount of bids received from investors relative to the amount being sold, and the higher interest rate investors demanded relative to where the bonds were trading in the so-called when issued market before the sale.
